Belmont County, OH Landowners Spread the Wealth Around
One of the early slanders MDN heard against drilling is the typical class warfare argument. Some citizens (landowners and drillers) are winners of the “drilling lottery” and everyone else around them suffers with all of the negatives and none of the po$itive$. We call it the Beverley Hillbillies argument–rich, white, liberals who can’t stand the fact that flat-busted farmers have come into some money. They’re jealous. It’s a bigoted and repugnant argument we’ve heard made by people like a certain Cornell professor (see Everyone Wins – Not Just Landowners – When Marcellus Drilling Happens in a Community). The image they portray is that the people who make money from drilling–landowners and drillers–are money-grubbing misers. Ebeneezer Scrooge counting his piles of gold coins. The only problem with that image is, it’s not true. As you might expect, salt-of-the-earth farmers DON’T just hoard the money–they share it. Like a group of landowners (along with Rice Energy) in Belmont County who have donated, so far, $170,000 to a fund that benefits local community groups–like fire departments and food banks. Their goal is to see the fund swell to $10 million–all of it benefiting local groups and charities. Whoops! There goes another lie peddled by anti-drillers that’s been completely deflated…
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Yesterday Dominion, a huge natural gas and electric utility as well as a midstream company, announced plans to build the State of Virginia’s largest natural gas powered electric generating plant–in Greensville County, VA. (By the way, Dominion won the Award for Excellence in Corporate Social Responsibility at the Northeast Oil & Gas Awards on Wednesday in Pittsburgh. Well done!) The $1 billion project will produce 1,600 megawatts of electricity using combined-cycle technology–enough electricity to power 400,000 homes. Dominion will use Marcellus Shale gas to power the plant, provided by Williams’ Transco pipeline. The plant will also be fed by a second Marcellus Shale pipeline–Dominion’s own Atlantic Coast Pipeline, a $5 billion, 550-mile pipeline slated to run from West Virginia through Virginia and into to North Carolina (see
Dominion hosted a party yesterday and anti-drillers weren’t invited. Dominion’s party sported the Japanese ambassador the U.S., Maryland Gov. Larry Hogan and other dignitaries–international, state and local–to celebrate the fact that the Cove Point LNG export facility is now under construction. Japan and India have together spoken for 100% of all the natural gas that can be liquefied and pumped through the new facility once it’s built and begins operations in 2017 (see
Three weeks ago MDN reported a Buffalo, NY-based company had successfully gotten all necessary permits to move forward with building a $615 million, 549 megawatt electrical generating plant near Moundsville, WV that will be powered by Marcellus Shale gas (see